Ongoing education is essential to successful real estate property investment. Even experienced real estate investors stay abreast of current market conditions and investment strategies that work best within those conditions. As MSN Money advises, "Educate yourself before you put your family's financial future on the line." Your real estate investment education can come from college courses, association seminars, online training, advice from experienced investors you meet and your own self-education through books and online articles
Instructions
1.
Choose an investment strategy to focus on. According to Rich Dad Education Blog, created by real estate investor and author Robert Kiyosaki, "For the beginning real estate investor, it is wise to start with knowledge of a few strategies and build on these strategies as you get started. You may find that your personality and market conditions drive you to a single strategy that works for you." Some common property investment strategies that new investors often start with include becoming a landlord, a rehabber or a flipper. Landlords buy houses or multi-unit residential properties to lease or rent to tenants. Rehabbers buy properties in need of repair and fix them up for sale or rent. Flippers buy foreclosed or auctioned properties at discount prices and immediately resell them for profit. Start by specializing in one strategy that ignites your passion, and learn everything you can about it.
2
Take local real estate investment courses that teach your chosen strategy. Join a local chapter of the National Real Estate Investors Association (REIA), if there's one within driving distance of you. REIA chapters offer seminars, newsletters and training for new and experienced investors. Be wary, though, of real estate courses sold on late-night infomercials. Eric Tyson, co-author of "Real Estate Investing for Dummies," says real estate investing is not about quick riches, as infomercial marketers would have you believe. According to Tyson, "These gurus don't talk about all that hard work. You have to be smart, you have to be willing to work and you have to understand your risk tolerance."
3
Read books on your investment strategy and on real estate property investment in general. Peruse the free reading list at Amazon.com offered by the National Association of Residential Real Estate Investment Advisors. Borrow the newest books on real estate investment from your public library.
4
Find local advisers. Join your local chamber of commerce or landlords' association, and attend events to network with others in your local real estate industry. Ask questions. Look for mortgage lenders, attorneys, contractors and other experienced real estate investors who specialize in your chosen strategy and can offer valuable insights and guidance as you move forward in your education.
As you may know the real estate market is finally starting to heat up.
There is one area that is already getting all the attention of investors.
Beacuse that's where the buyer's are plentiful.
John Alexander has just announced his new "Inverse Option Flip" strategy for this new market.
Check it out, then let me know what you think at:
https://m279.infusionsoft.com/go/iof/sgroup
Roosevelt
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